Isadore Sharp

Isadore Sharp
Born (1931-10-08) October 8, 1931
Toronto, Ontario, Canada
Occupation Founder and Chairman,
Four Seasons Hotels and Resorts
Net worth Increase $540 million (2009)[1]
Spouse(s) Rosalie Wise Sharp
Children Jordan Sharp
Gregory Sharp
Anthony Sharp
Christopher Sharp (deceased)
Awards Order of Canada
Website Four Seasons Hotels and Resorts

Isadore "Issy" Sharp, OC (born October 8, 1931) is a Canadian hotelier and writer. He is founder and chairman of Four Seasons Hotels and Resorts.

Early life and education

Sharp was born in Toronto, the son of Polish Jewish immigrants. His father, Max, a devout Torah scholar, was a Polish Jew who emigrated from Poland to escape pogroms to Palestine in 1920, and finally to Toronto five years later. He worked as a plasterer until his family began to grow with the arrival of Issy and three daughters. His father's expertise was in home renovation and he often renovated homes and resold them for a profit as a real estate investor. During the summers, Sharp would obtain experience in the construction business by working for his father. He excelled in sports during his high school years. In 1952, he graduated with high marks from Ryerson Institute of Technology with a diploma in architectural technology.[2]

Career

After graduation, Sharp went to work for his father’s company full-time as an architect and real estate developer, building apartment buildings and houses. It was his work building a small 22-unit motel (Motel 27) on the outskirts of Toronto for family friend, Jack Gould, that was his introduction to the hospitality business.[3][4] He founded the Four Seasons Hotel in 1960[5] and opened the first hotel on Jarvis Street in downtown Toronto in 1961.[4]

On November 6, 2006, American business magnate Bill Gates, through his holding company Cascade Investments LLC, and Saudi businessman, Prince Al-Waleed bin Talal through his company Kingdom Holding Company made an offer to take Four Seasons Hotels private for US$3.4 billion (excluding debt).[6][7] Sharp would remain chairman and chief executive of the company. He also would be able to realize proceeds from a 1989 incentive plan that would pay him $288 million. The company's headquarters would remain in Toronto.

Philanthropy

Sharp helped start and is the director of the Terry Fox Run. He first met Terry Fox when the latter arrived in Montreal in June 1980 during his trek across the country to raise money for cancer research. Sharp invited Fox to rest in one of the city's Four Seasons hotels for a week before resuming his run, helped pay for his cancer treatment, and later pledged to contribute to research funds on his behalf.[4]

Sharp and his wife are prominent Canadian philanthropists, having made significant donations to many sources including the Four Seasons Centre for the Performing Arts,[8] the Ontario College of Art and Design,[9] Mount Sinai Hospital,[10] and the Hebrew University of Jerusalem.[11]

The Sharps are spearheading a proposal to build a Jewish Museum of Canada in Toronto [12] and have pledged $20 million towards the project, towards a total fundraising goal of $150 million.[13] The museum is to feature three themed galleries with artifact and multimedia-based interactives and three immersive environments entitled: Jewish Experience, Jewish Life in Canada and The Neuberger Holocaust Education Centre.[14]

Personal life

Sharp married his high school sweetheart, Rosalie Wise who was also of Jewish descent.[15] They had three sons, Jordan, Gregory and Anthony. They lost a fourth son, Christopher, to melanoma in 1978. His death at least partly inspired Sharp to support Fox financially during his run. A Ty Beanie Baby named Issy was produced in 2001 in Christopher's memory.[16] All proceeds from American sales went to Memorial Sloan–Kettering Cancer Center in New York, while all Canadian proceeds went to the Terry Fox Foundation.

Sharp had a net worth of C$540 million in 2009.[17] In 2009, Sharp summarized his experience and business philosophy in a book Four Seasons: The Story of a Business Philosophy, published by Viking Canada.[18] In 2011, a documentary about Sharp's life and achievements, The Four Seasons of Isadore Sharp, aired on City TV.

Directorships

Honours

See also

References

  1. ↑ Canadian Business Online. "The 2009 Rich 100 | Lists | Canadian Business | Canadian Business Online". List.canadianbusiness.com. Retrieved 2011-03-10.
  2. ↑ "How the Founder of Four Seasons Stumbled Into the Hotel Business", Fortune magazine, March 29, 2016
  3. ↑ Four Seasons: The Story of a Business Philosophy
  4. 1 2 3 Prasso, Sheridan (2009-05-06). "Four Seasons' recession-proof philosophy". CNN.
  5. ↑ Gordon, Dave (10 October 2016). "A man for all seasons - how Issy Sharp built his hotel chain". BBC News. Retrieved 10 October 2016.
  6. ↑ Canada. "globeandmail.com: __Index Out of Bounds". Globeinvestor.com. Retrieved 2011-03-10.
  7. ↑ March 9, 2011 (2006-11-06). "Four Seasons gets $3.7 billion bid from CEO, Gates, Bin Talal". MarketWatch. Retrieved 2011-03-10.
  8. ↑ Canada. "Arts". Toronto: globeandmail.com. Archived from the original on May 9, 2009. Retrieved 2011-03-10.
  9. ↑ OCAD - About OCAD - Support OCAD - Make a Donation - Ideas Need Space
  10. ↑ Mount Sinai Hospital, Toronto, Ontario, Canada Archived March 4, 2008, at the Wayback Machine.
  11. ↑ Canadian Friends of the Hebrew University. "The Isadore Sharp, Einstein Doctoral Scholarships | Canadian Friends of the Hebrew University". Cfhu.org. Retrieved 2011-03-10.
  12. ↑ "Cultural complex to rise on planetarium site, including Jewish Museum of Canada". Toronto Star. September 9, 2014. Retrieved January 11, 2016.
  13. ↑ "SHARP FAMILY SPEARHEADING JEWISH MUSEUM PROJECT". Canadian Jewish News. September 12, 2014. Retrieved January 11, 2016.
  14. ↑ http://www.reich-petch.com/portfolio/jewish-museum-of-canada
  15. ↑ Rifke: An Improbable Life by Rosalie Wise Sharp retrieved march 22, 2013
  16. ↑ "Issy (Washington, DC) the Bear Ty Beanie Baby". Aboutbeanies.com. Retrieved 2011-03-10.
  17. ↑ Canadian Business Online. "The 2009 Rich 100 | Lists | Canadian Business | Canadian Business Online". List.canadianbusiness.com. Retrieved 2011-03-10.
  18. ↑ "''Four Seasons: The Story of a Business Philosophy'' (Viking, May 2009)". Penguin.ca. 2009-04-21. Retrieved 2011-03-10.
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